Home
E-Mail
Latest

Retention Financial Glossary

What is it? This relates to monies withheld by lenders until certain mortgage conditions are met. This will normally relate to repairs or improvements to the property that the lender is insisting on.

Finance Term Definition Added By: Gabriel

The Retention definition has been viewed 4501 Time(s)!




Send To Friends!

If you'd like to send the Retention definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -





We hope you now understand the meaning of Retention. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term LBO (Leverage Buyout) is A corporate restructuring where the existing shareholders sell their shares to a small group of investors. The purchasers of the stock sue the firms unused bet capacity to borrow the funds to pay for the stock. Typically the company becomes private.

Financial Term Renewal FAFSA is One type of FAFSA which resembles a SAR and has the same questions as the FAFSA. The Renewal FAFSA is preprinted with the students prior year responses to certain data items which are likely to remain constant from year to year.

Financial Term private placement is Instead of being sold to the general public after completion of an SEC registration, some bonds are sold privately, without a registration, to one or a few investors. When a bond issue is underwritten in this way, it is called a private placement.

Financial Term Certificate of veteran staus is The document given to veterans or reservists who have served 90 days of continuous active duty (including training time). It may be obtained by sending DD 214 to the local VA office with form 26-8261a (request for certificate of veteran status. This document enables veterans to obtain lower down payments on certain FHA insured loans).

Financial Term Money Purchase Scheme is A pension scheme which provides a pension, the amount of which is dependent on how much money has been invested in it, and how much investment return has been earned from that money.